Bank Appoints Asian Head

Updated June 13, 2008 12:01 a.m. ET

HONG KONG -- Bank of America Corp. said Thursday it has appointed Ki Myung Hong as its president for Asia, tapping an experienced Asian banker at a time when the region is one of the few growth areas for the U.S. banking giant.

Mr. Hong, formerly head of global markets for Asia, will succeed Colm<TH>McCarthy, who is retiring after almost 30 years with the bank. He will be based in Hong Kong, and his appointment takes effect...